Was the collapse of Thomas Cook inevitable?

I was recently talking to a travel agent who told me that her bookings are considerably down for this time of year. She blamed it solely on Brexit, as her regular customers are jittery not only because of exchange rate changes and rising costs, but also due to genuine fears of being stranded if a travel firm collapses while they’re on holiday.

It’s not the first time I’ve heard this from those working in the travel industry; the fact is that Brexit is having an impact on consumer confidence. Two years ago Monarch collapsed in part because of the weak pound after the Brexit vote, while Flybmi went bust this year, also blaming Brexit.